Source: Editors/Wall Street Journal
“‘The gig economy is simply the next step in a losing effort to build some economic security in a world where all the benefits are floating to the top 10%.’ So declared Democratic Sen. Elizabeth Warren in 2016 amid an explosion of start-ups that facilitate freelancing by connecting workers with customers. Ms. Warren was echoing a liberal lament that jobs now come with fewer protections and benefits….Yet the Labor Department’s Contingent Work Survey last summer showed that a mere 10.1% of workers were employed in alternative work arrangements, about the same as in 1997. The government study contradicted other liberal claims. For instance, independent contractors earned more than traditionally employed workers and overwhelmingly preferred the flexibility of their jobs….Democrats also want to prohibit state right-to-work laws that let workers choose whether to belong to a union…But one reason the U.S. economy is growing faster than its friends across the pond is a more flexible labor market. The Trump Administration has eased the burdens on employers while giving non-traditionally employed workers access to more benefits…Turns out the best antidote to economic insecurity is less government and more growth.”
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